Economics

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Uploaded: 14.09.2014
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Practice 1

Pricing for the products of small enterprises in market conditions

Test questions. 1. Give examples of markets in the building: the local, national, international.

2. What is the independent variable, which dependent: price, quantity?

3. What are the main demand factor (determinant of demand).

4. Name the secondary (indirect) demand factors.

5. What are the main factor offers (dominant supply).

6. Name the indirect supply factors.


Practice 2

Determination of price elasticity of demand

Test questions. 1. Define the elasticity of demand.

2. Give an example of a flexible, individual and inelastic demand.

3. Explain the economic indicator of demand for total proceeds of plants JBK. How will the economic essence of this indicator for construction companies?

4. Explain the economic meaning of the index coefficient of elasticity Ed = 3.

5. Give the following analysis of the situation in terms of changing the total construction organizations on precast concrete:

- The price falls, demand is inelastic;

- Price increases, demand flexible;

- The price increases, the demand inelastic.

6. What is the main factor in the elasticity of demand?

7. What are the dominant indirect demand.


Practice 3

Determine the effectiveness of additional manpower

Test questions. 1. What is the economic meaning of the average product and marginal product of the index?

2. Since when additional manpower reduces the effectiveness of labor?

3. On what theoretical assumptions based analysis using marginal ratings?

4. What is the difference between the production factors in the short-term and long-time?


Practice 4

CALCULATION OF UNDERTAKING marginal costs

Test questions. 1. Analyze the point of intersection with the MC ATC and AVC in the chart.

2. How to build a graph of total costs according to the schedule of variable costs, if we know the value of the fixed costs?

3. Find the graph of the total gross cost of the point corresponding to the lowest point of the schedule of marginal costs. What does this point?

4. Determine the schedule of gross value average total cost and marginal cost. What they are determined on the charts?

5. How will the location of each of the curves shown in the graphs, if:

a) the sum of the fixed costs amount to more than 100 units of the original?

b) variable costs will be reduced by 10 units, respectively, for each output?

6. How to change the location of the plots cost of the construction company:

a) with a decrease in property tax?

b) an increase in the cost of basic materials?

c) an increase in wages of the administrative measures include personnel?

d) an increase in the wages of workers of the main production (construction and manufacturing subsidiary)

d) an increase in postal office expenses?

e) accelerated depreciation of construction equipment?

7. How does the law of diminishing returns effect on the shape of the curves of variables and general costs?


Practice 5

Test questions. 1. What is the isoquant, map isoquants?

2. Demonstrate the law of diminishing returns on the example of the changes in the L K = const, for example, changes in K at L = const.

3. What is the nature of the change in the marginal rate of technical substitution for a single isoquant?

4. What is the nature of the curve on the chart with perfect substitutability of factors?

5. What is the nature of the curve on the graph for a fixed structure factors used?

6. Can you talk about the net effect of scale, if you change the angle of the beam?

7. What is shown in the graph positive and negative economies of scale?

Additional information

Practice 6

Maximizing profits in the short term

1. Define the revenue in construction.

2. How do the indicators of production costs and cost

product?

3. Assess the reliability of the forecast made on the basis of your

calculations.

4. Explain the meaning of the economic situation, "closures"

5. As will appear on the graph line revenue and total expenses

production relative to each other in the event of plant closures.

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